The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The Value of Health and Longevity
Abstract
We develop a framework for valuing improvements in health and apply it to past and prospective reductions in mortality in the United States. We calculate social values of (i) increased longevity over the twentieth century, (ii) progress against various diseases after 1970, and (iii) potential future progress against major diseases. Cumulative gains in life expectancy after 1900 were worth over $1.2 million to the representative American in 2000, whereas post‐1970 gains added about $3.2 trillion per year to national wealth, equal to about half of GDP. Potential gains from future health improvements are also large; for example, a 1 percent reduction in cancer mortality would be worth $500 billion.
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“The value of a life year therefore depends on two items: a term reflecting the value of utility gained that period from consumption and leisure, ; and a term reflecting savings.”
From The economic value of targeting aging (2021) · cites this paper as [8]
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Cites
Barsky, R. B., Juster, F. T., Kimball, M. S., & Shapiro, M. D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555280 · Cited by 2,400
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Nandi, A., Counts, N., Chen, S., Seligman, B., Tortorice, D., Vigo, D., & Bloom, D. E. (2022) · eClinicalMedicine · doi:10.1016/j.eclinm.2022.101580 · Cited by 402
Metadata
- Authors
- Murphy, K. M., & Topel, R. H.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2006-10
- Volume
- 114
- Issue
- 5
- Pages
- 871-904
- ISSN
- 0022-3808
- 1537-534X
- Cited by
- 605
- References
- 1
- Language
- en
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